Midpen Housing Corporation
In conjunction with related organizations, Midpen Housing Corporation's mission is to provide safe, affordable housing of high quality to those in need; to establish stability and opportunity in the lives of residents; and to foster diverse communities that allow people from all ethnic, social and economic backgrounds to live in dignity, harmony, and mutual respect.
Key facts about Midpen Housing Corporation
In short: Midpen Housing Corporation gave $2.3M across 12 grants in 2025 (avg $193K), mostly in California. 33% of 2025 grantees were new. Source: 2025 IRS Form 990.
- EIN
- 23-7089977
- Latest 990 filing
- Form 990, 2025
- Annual giving (2025)
- $2,313,536
- Grants made (2025)
- 12
- Average grant
- $192,795
- Median grant
- $10,000
- New grantees (estimate)
- 33% first-time grantees (4 of 12, 2025)
- Total assets
- $440,569,719
- Primary geography
- California (100% of itemized 2025 grant dollars)
Data from IRS Form 990, 2025; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).
Financial Overview
From 2025 IRS Form 990 · View filing
Total Assets
$440.6M
+22.7% YoY
Annual Giving
$2.3M
-26.5% YoY
Grant Count
12
+9.1% YoY
Avg Grant Size
$193K
-32.6% YoY
Is Midpen Housing Corporation open to new grantees?
33%
first-time grantees, 2025
In 2025, 4 of 12 grantees (33%) were first-time recipients. First grants averaged $482K; repeat grants $48K. How we count
Medians: $11K first-time, $10K repeat.
Estimate from itemized grant lists in IRS Form 990 filings (2019–2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
About Midpen Housing Corporation
Based on IRS filings
Midpen Housing Corporation is a public charity focused on Housing & Shelter, based in Foster City, CA. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $440.6M in total assets. In 2025, it awarded 12 grants totaling $2.3M. Net investment income was $9.9M.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 12 itemized 2025 grant dollars.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2025, annual grant giving ranged from $501K (2019) to $12.8M (2022). In 2025 it made 12 grants totaling $2.3M.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was Mid-Peninsula Hermanas Inc ($1.9M). Together the top 10 received $2.3M.
Grant Size Distribution
57 grants across all recorded years
The most common grant size was under $50K: 33 grants of 57 (58%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Mid-Peninsula Hermanas Inc Foster City, CA | Related to gga garage and turk garage contributions (lgmg grant) | $1,900,392 |
| MP 21 Soledad Street LP Foster City, CA | Related to Hud Grant (Moon Gate) | $188,171 |
| Midpen Resident Services Corporation Foster City, CA | Acap Fund $60K and Hud Grant (Moon Gate) | $137,973 |
| Non Profit Housing Associations of Northern CA San Francisco, CA | For Annual Donation | $12,500 |
| Housing Leadership Council of San Mateo County San Mateo, CA | For Annual Donation | $11,500 |
| California Housing Consortium Agoura Hills, CA | For Annual Donation | $10,000 |
| Enterprise Community Partners Inc Baltimore, MD | For Annual Donation | $10,000 |
| Svhome San Jose, CA | For Annual Donation | $10,000 |
| Housing Santa Cruz County Santa Cruz, CA | For Annual Donation | $10,000 |
| Easy Bay Housing Organizations Oakland, CA | For Annual Donation | $8,000 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $440,569,719 | $359,107,963 | $339,062,142 |
| Revenue | $109,047,510 | $55,417,692 | $55,697,583 |
| Expenses | $35,744,812 | $33,550,567 | $36,466,328 |
| Net Investment Income | $9,882,333 | $10,664,781 | $5,558,716 |
Data update history
When this profile's IRS filing data changed on Grantable
- Added Form 990 for fiscal year 2019 (received by the IRS August 14, 2020)
- Updated Form 990 for fiscal year 2020 (received by the IRS August 13, 2021)
- Added Form 990 for fiscal year 2025 (received by the IRS August 20, 2026)
- IRS filings on file for fiscal years 2020–2024
Leadership & Key People
Officers and directors from IRS filings
Midpen Housing Corporation is led by Matthew O. Franklin, CEO, President & Assistant Secretary since 2022 (on filings since 2019); none of the 19 officers listed in 2025 report compensation.
Officers on the 2025 filing
Matthew O. Franklin
CEO, President & Assistant Secretary
President, Chief Executive Officer & Assistant Se → President & Assistant Secretary, 2020
President & Assistant Secretary → CEO, President & Assistant Secretary, 2022
On filings since 2019
25 hrs/week
No compensation reported
Eric Harrison
Chairperson
Director → Vice Chair, 2021
Vice Chair → Chairperson, 2022
On filings since 2019
2 hrs/week
No compensation reported
Elisa De Laet Jagerson
Director
On filings since 2019
2 hrs/week
No compensation reported
Renee McDonnell
Director
On filings since 2019
2 hrs/week
No compensation reported
Jennifer Hicks
Director
On filings since 2021
2 hrs/week
No compensation reported
Chan U. Lee
Director
On filings since 2022
2 hrs/week
No compensation reported
Jonathan Fearn
Director
On filings since 2024
2 hrs/week
No compensation reported
Melanie Mock
Director
On filings since 2024
2 hrs/week
No compensation reported
Stephanie Sonnenshine
Director
On filings since 2024
2 hrs/week
No compensation reported
Yusef Freeman
Director
On filings since 2024
2 hrs/week
No compensation reported
Enrique Torres
Treasurer
Director → Treasurer, 2022
On filings since 2019
2 hrs/week
No compensation reported
Jessica Garcia-Kohl
Vice Chairperson
Director → Vice Chairperson, 2022
On filings since 2019
2 hrs/week
No compensation reported
Michael J. Vergura
CFO & Assistant Secretary
Chief Financial Officer → Chief Financial Officer & Assistant Secretary, 2020
Chief Financial Officer & Assistant Secretary → CFO & Assistant Secretary, 2021
On filings since 2019
25 hrs/week
No compensation reported
Jennifer Martinez
Secretary
Director → Secretary, 2024
On filings since 2021
2 hrs/week
No compensation reported
Lance Smith
Vice President, Corp. Counsel, Broker & Assistant Secretary
Vice President, Corporate Counsel, Broker & Assistant Secretary → Vice President, Corp. Counsel, Broker & Assistant Secretary, 2022
On filings since 2021
35 hrs/week
No compensation reported
Abigail Goldware Potluri
Assistant Secretary
On filings since 2024
44.8 hrs/week
No compensation reported
Ann Goggins Gregory
COO & Assistant Secretary
On filings since 2024
24.5 hrs/week
No compensation reported
Joanna Carman
Assistant Secretary
On filings since 2024
No compensation reported
Amy Steadman
Assistant Secretary
New on the 2025 filing
20 hrs/week
No compensation reported
Former officers (20)
- Former: Janine Lind (2019–2024) — COO & Assistant Secretary
- Former: Fay Sien Goon (2021–2024) — Director
- Former: Terry Freeman (2021–2024) — Director
- Former: Kasey Archey (2023–2024) — Assistant Secretary
- Former: Beth Bartlett (2019–2023) — Director
- Former: Gina Diaz (2019–2023) — Secretary
- Former: Rob Hollister (2022–2023) — Director
- Former: Shwetha Subramanian (2023) — Credo & Assistant Secretary
- Former: Jan Lindenthal (2019–2022) — Credo & Assistant Secretary
- Former: Mark Battey (2021–2022) — Director
- Former: Kim Le (2019–2021) — Chair
- Former: Marvin E. Williams (2019–2021) — Senior Vice President of Property Management & Assistant Secretary
- Former: Monique Moyer (2019–2021) — Director
- Former: Dan Seubert (2021) — Treasurer
- Former: C. Mark Battey (2019–2020) — Director
- Former: Daniel Seubert (2019–2020) — Treasurer
- Former: Julia M. Baigent (2019–2020) — Secretary
- Former: Kevin Bates (2019–2020) — Director
- Former: Therese Freeman (2019–2020) — Director
- Former: Erik Doyle (2019) — Director
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Midpen Housing Corporation
How much does Midpen Housing Corporation give each year?
Midpen Housing Corporation gave $2.3M across 12 grants in 2025, according to its 2025 IRS Form 990. In 2024 it gave $3.1M across 11 grants.
What is Midpen Housing Corporation's typical grant size?
Midpen Housing Corporation's median grant in 2025 was $10,000, and its average grant was $192,795, across 12 grants on its 2025 IRS Form 990. Organizations receiving their first grant from Midpen Housing Corporation that year got $482K on average.
Where does Midpen Housing Corporation give grants?
Midpen Housing Corporation gives mostly in California: 100% of the grant dollars itemized on its 2025 IRS Form 990 went to recipients there. The most frequent recipient cities were Foster City, CA (3 grants).
Does Midpen Housing Corporation give general operating support?
Not in 2025: none of the 12 grants with a stated purpose on Midpen Housing Corporation's 2025 IRS Form 990 were described as general or operating support. Recurring purposes include "For Annual Donation" (9 grants).
Who are Midpen Housing Corporation's largest grantees?
Midpen Housing Corporation's largest 2025 grantees include Mid-Peninsula Hermanas Inc ($1,900,392), MP 21 Soledad Street LP ($188,171) and Midpen Resident Services Corporation ($137,973), according to its 2025 IRS Form 990. Together they received 96% of its itemized 2025 grant dollars.
How large is Midpen Housing Corporation?
Midpen Housing Corporation reported $440.6M in total assets on its 2025 IRS Form 990. Its revenue that year was $109.0M.
What is Midpen Housing Corporation?
Midpen Housing Corporation is a public charity focused on Housing & Shelter, based in Foster City, CA. It holds $440.6M in total assets as of 2025.
What is Midpen Housing Corporation's EIN?
Midpen Housing Corporation's EIN (Employer Identification Number) is 23-7089977. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Here's the math on researching Midpen Housing Corporation by hand.
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